Budhigandaki Hydro to be constructed with internal sources

Posted on: December 19, 2017 | views: 187
The National Planning Commission (NPC) has prepared a report to construct the Budhigandaki Hydropower Project with the investment of domestic capital.

Earlier, the Council of Ministers had formed a committee led by NPC's Vice Chairman Dr Swarnim Wagle to prepare a report on the development of national pride project Budhigandaki Hydropower. Secretaries at the Ministry of Energy, Finance and Law, Governor of the Nepal Rastra Bank and Executive Director of Nepal Electricity Authority (NEA) were the members of the committee.

Yesterday, the team submitted a 50-page long report to Deputy Prime Minister and Minister for Energy Kamal Thapa concluding that the 1,200 megawatt project can be developed with domestic capital.  

The total cost of the project is estimated around Rs 270 billion. For the construction of the project, the committee said that Nepal can collect Rs 164 billion in a decade from the infrastructure tax charged in the petroleum products.